Market Research Future (MRFR) has published a cooked research report on the “Global Gummy Supplements Market” that contains information from 2018 to 2030. The Gummy Supplements market is estimated to register a CAGR of 9.17% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Gummy Supplements market— Olly Public Benefit Corporation (US), Herbaland Naturals Inc. (Canada), Zanon Vitamec Inc. (US), Nature's Way Products LLC (US), Sofigel (US), Boscogen Inc (US) and The Clorox Company (US).
Gummy Supplements Market Highlights
The global Gummy Supplements market is accounted to register a CAGR of 9.17% during the forecast period and is estimated to reach USD 10.2 billion by 2030.
The Gummy Supplements Market refers to the industry that produces and sells dietary supplements in the form of gummy candies. These supplements are typically formulated with vitamins, minerals, or other beneficial ingredients and are designed to provide a convenient and enjoyable alternative to traditional pills or capsules. The market caters to consumers who prefer a more palatable and easy-to-consume option for meeting their nutritional needs.
Segment Analysis
The global Gummy Supplements market has been segmented based on Product Type, End-User and Distribution Channel.
On the basis of Product Type, the market is segmented into vitamins, minerals, omega fatty acids, proteins, blends and others. According to market data for gummy supplements, the vitamins wax sector held the majority of the market in 2022. Gummy supplement firms seek to market to consumers who are open to novel formulations or alternatives to capsules, tablets, and pills, among others.
Based on End-User, the global Gummy Supplements market has been segmented into adults, kids and others. The adults segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030.
Based on Distribution Channel, the global Gummy Supplements market has been segmented into store-based and non-store-based. The market for gummy supplements was dominated by the non-store-based segment in terms of revenue in 2022 and is anticipated to grow at the fastest rate during the forecast period of 2022–2030 as a result of the increased likelihood of selling gummy supplements through online channels, which is pressuring online retailers to improve the reliability and security of their checkout procedures.
Regional Analysis
The global Gummy Supplements market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Gummy Supplements market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Gummy Supplements market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Gummy Supplements market comprises of Middle East, Africa, and Latin America.
The North America Gummy Supplements Market dominated this market in 2022. Due to the strong product demand sparked by an increase in the number of consumers who are health-conscious and the ageing population, the market is predicted to reach USD 2.5 billion in 2022 with a share of roughly 45.80% and show a considerable CAGR development during the study period.
Additionally, the second-largest market share for Gummy Supplements is held by Asia Pacific. China's gummy supplement market study is anticipated to have a bright future because to the country's expanding healthcare spending and urban inhabitants' growing health consciousness, particularly among its young population.
From 2022 to 2030, the Europe gummy supplement market is anticipated to experience the quickest CAGR growth. As a result of growing public concern, increased public knowledge, and sufficient investments in the process of creating and releasing new products, the region's market is witnessing revenue growth. The market climate for business expansion in these countries is being improved by the accessibility of numerous brands and expanding consumer buying power.
Key Findings of the Study
- The global Gummy Supplements market is expected to reach USD 10.2 billion by 2030, at a CAGR of 9.17% during the forecast period.
- The North America Gummy Supplements Market dominated this market in 2022. Due to the strong product demand sparked by an increase in the number of consumers who are health-conscious and the ageing population.
- Based on End-User, The adults segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030.
- Olly Public Benefit Corporation (US), Herbaland Naturals Inc. (Canada), Zanon Vitamec Inc. (US), Nature's Way Products LLC (US), Sofigel (US), Boscogen Inc (US) and The Clorox Company (US).
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Companies Covered | 15 |
Pages | 110 |
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